Swyftx Paper Trading Competition

The Deets (TLDR)

Swyftx is launching a paper trading competition on July 9th 2018 @ 7pm. Every new account will receive a 20k pretend AUD balance to trade with. Whoever trades their account to the highest value within 8 weeks will win the experience of a lifetime, driving a Lambo! Make sure to register your details to be invited when the competition launches.

What is paper trading?

Paper trading (sometimes also called “virtual trading”) is a simulated trading process in which would-be investors can ‘practice’ investing without committing real money. It’s important to note that all trades placed during the competition period are simulated and will not be backed by actual currency trades. Fees and slippage will not be applied during the competition.

When is the competition?

Competition starts Monday at 7pm (cause you all have full time jobs right?) AEST (Brisbane Time) on July 9th 2018. Competition closes Monday at 7pm on the 3rd of September 2018. Don’t worry if you miss the opening night, all new accounts created during the 8 weeks will be eligible to participate. Obviously, the later you start the less time you’ll have, so get on it!

How/what do I win?

The total AUD equivalent account balance will be determined at competition close. Whoever has the highest AUD valued account will win. You know that Moon trip everyone keeps talking about? Well we couldn’t afford a SpaceX rocket trip, so we though lets settle for a Lambo instead. The winner will receive a 1 hour experience driving a Lambo, details of the exact service provider and availability will be provided soon. If you’re ineligible for the experience we’ll credit you with the digital currency of your choice to an equivalent value.

Progress

We’ll provide a leader board live on our website so you can track your progress in the comp. This isn’t quite ready yet, but we’ll get it up and running soon! Make sure you checkout our position risk calculator that can assist you in managing the risk on your orders!

Referrals

The referral system powered by Tapfiliate will be live throughout the competition. All you have to do is share your invite link with friends, family, and enemies (if you so wish) to register and we’ll pay you 20% of all fees collected on their trades (once we launch with real trading after the comp). Get other people involved asap so they can give Crypto a crack without risking hard earned cash and beat your friends in your own in house comp. You’ll also be supporting our awesome project.